Home/California/Statutes/Code PUC: Public Utilities Code - PUC/Div. 12.: DIVISION 12. COUNTY TRANSPORTATION COMMISSIONS/Ch. 5.: CHAPTER 5. Los Angeles County Transportation Commission Revenue Bond Act/Art. 4.: ARTICLE 4. Bonds and Notes/§ 130531.
California Statutes

§ 130531. — 130531. (Added by Stats. 1984, Ch. 1646, Sec. 2.)

California § 130531.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 12.DIVISION 12. COUNTY TRANSPORTATION COMMISSIONS
Ch. 5.CHAPTER 5. Los Angeles County Transportation Commission Revenue Bond Act
Art. 4.ARTICLE 4. Bonds and Notes

This text of California § 130531. (130531. (Added by Stats. 1984, Ch. 1646, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Public Utilities Code - PUC Code § 130531. (2026).

Text

Notwithstanding any other provision of law:

(a)The commission and its revenues are exempt from all taxes on, or measured by, income.
(b)Bonds issued by the commission are exempt from all property taxation, and the interest on the bonds are exempt from all taxes on income.
(c)All property owned by the commission is exempt from property taxes, assessments, and other public charges secured by liens.

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Legislative History

Added by Stats. 1984, Ch. 1646, Sec. 2.
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California § 130531., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/130531..